The Bank of Russia, the central bank of the country, has reportedly started testing stablecoins in its regulatory sandbox.
Elvira Nabiullina, Governor of the Bank of Russia, told Russian news service Interfax that the bank is only exploring how stablecoins work and do not assume them to function as a means of payment or become a substitute for money.
Elvira Nabiullina, Governor of the Bank of Russia, said that the central bank is seriously considering introducing its own central bank digital currency (CBDC).
During a student conference in Skolkovo, Nabiullina said that while a CBDC project “cannot be realized immediately,” various central banks,
Elvira Nabiullina, Governor of the Bank of Russia, said that the central bank will be reviewing a proposal to create a gold-backed cryptocurrency that could be used for mutual settlements with other countries.
Speaking to the country’s parliament, the Duma,
The Bank of Russia, the country’s central bank, has recently conducted a “successful” experimental initial coin offering (ICO), an official said.
During the Eastern Economic Forum in Vladivostok, Russia, Ivan Semagin, deputy director of the Financial Market Development Department for the Bank of Russia,
The Bank of Russia has come out against cryptocurrency trading, saying citizens “can be involved in illegal activities.”
The statement from the central bank underlines the conflicts going on within the Russian government. The National Settlement Depository of the Moscow Stock Exchange is currently working on building an infrastructure for trading crypto,
